|Founder||Michael J. Ahearn|
|Michael J. Ahearn, managing partner and chairman|
True North Venture Partners is an American venture capital firm, based in Chicago, Illinois and Phoenix, Arizona. The founder, managing partner and chairman is Michael J. Ahearn, who is also the co-founder and chairman of First Solar.
True North was founded in 2011 with $300 million.The firm's focus is mostly on early stage companies, with investments ranging from $100,000 to $25 million, and geared towards startups across the energy, water, agriculture and waste industries.
Ahearn was a former partner and president of an equity investment firm called JWMA (formerly called True North Partners, LLC), which he started with John T. Walton, son of Walmart founder Sam Walton, in 1996. JWMA Partners was one of the largest holders of First Solar stock, and Walmart invested $25 million in First Solar in 2008.
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of April 30, 2021, Walmart has 10,526 stores and clubs in 24 countries, operating under 48 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile, Canada, and South Africa. Since August 2018, Walmart holds only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, and private equity firm Advent International holding 80 percent ownership of the company.
Venture capital (VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from the high technology industries, such as information technology (IT), clean technology or biotechnology.
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John Thomas Walton was an American war veteran and a son of Walmart founder Sam Walton. He was also the chairman of True North Venture Partners, a venture capital firm. Walton cofounded the Children's Scholarship Fund, providing tuition scholarships for disadvantaged youth.
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Walmart Labs is an American subsidiary of Walmart in San Bruno, California. Their website earns revenue from advertising related to its categorization engine. The engine organizes the Internet into topic pages allowing users to explore the Web by topic, "presenting a dashboard of relevant videos, photos, news, commentary, opinion, communities and links to related topics". Venky Harinarayan and Anand Rajaraman founded Kosmix in 2005. In April 2011, Walmart acquired Kosmix and formed @WalmartLabs, a research division, out of it.
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Arie S. Belldegrun, FACS, is an Israeli-American urologic oncologist, businessman, and investor.
Michael J. Ahearn is an American businessman, co-founder and chairman of First Solar, and founder and managing partner of True North Venture Partners.
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